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Tds deduction while payment through dd

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 February 2018 AFFIRMATIVE SIR,

CAN I KNOW THAT CAN WE MAKE PAYMENT AFTER DEDUCTING TDS WHILE MAKING PAYMENT THROUGH DD.
THE INVOICE IS BEEN RAISED TO ONE PARTY AND THE PAYMENT IS BEEN DONE BY ANOTHER PARTY THROUGH DD. ALL OF THEM ARE MAKING PAYMENT THROUGH DD ARE DOING WITHOUT DEDUCTING TDS.
LOOKING FORWARD FOR THE SUITABLE ANSWER FOR ABOVE....

B REGARDS.

DEAR SIR,
REFER TO ABOVE QUERY LET ME CLARIFY YOU WHAT WE DO, WE ARE A CONTAINER FREIGHT STATION WHERE WE WORK WITH CHA(CUSTOM HOUSE BROKERS), BUT WHEN A CHA WHO IS NOT HAVING IT'S OWN LICENSE ISSUED BY CUSTOMS AUTHORITY HIRES THE LICENSE FROM ANOTHER CHA TO DO THEIR EXPORT SHIPMENTS BUT THE PAYMENT THEY DO IS ALLOWED ONLY IF IT IS THROUGH LICENCE CHA BANK ACCOUNT OR THROUGH DD(WHICH IS WITHOUT DEDUCTING TDS AMOUNT), SO I JUST WANTED TO KNOW THAT WHY IT IS REQUIRED TO NOT TO DEDUCT TDS WHILE MAKING PAYMENT THROUGH DD.IS THEIR ANY LAW OR RULE IN ACCOUNT TERM THAT THE PAYMENT DONE BY B ON BILL OF A CANNOT DEDUCT TDS.

HOPE THIS COULD CLARIFY MORE ON MY QUERY.

B REGARDS.

10 February 2018 TDS has to be deducted earlier of when payment is made or credit to the party.



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